Mizuho Issues Positive Forecast for Entegris (NASDAQ:ENTG) Stock Price

Entegris (NASDAQ:ENTG - Get Free Report) had its price target increased by research analysts at Mizuho from $90.00 to $98.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an "outperform" rating on the semiconductor company's stock. Mizuho's price target would suggest a potential upside of 9.53% from the company's previous close.

A number of other analysts have also commented on the company. Citigroup decreased their price objective on Entegris from $125.00 to $102.00 and set a "buy" rating for the company in a report on Thursday, May 8th. UBS Group reduced their target price on Entegris from $90.00 to $85.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. The Goldman Sachs Group started coverage on Entegris in a report on Thursday, July 10th. They issued a "neutral" rating and a $85.00 target price for the company. KeyCorp reduced their target price on Entegris from $117.00 to $112.00 and set an "overweight" rating for the company in a report on Monday. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $100.00 target price on shares of Entegris in a report on Tuesday, May 20th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $106.89.

Entegris Stock Up 2.3%

ENTG stock traded up $1.99 during trading on Tuesday, reaching $89.48. 373,732 shares of the stock were exchanged, compared to its average volume of 2,766,464. The firm's 50 day moving average is $78.84 and its 200 day moving average is $88.05. Entegris has a twelve month low of $60.75 and a twelve month high of $144.15. The company has a current ratio of 3.26, a quick ratio of 1.95 and a debt-to-equity ratio of 1.06. The firm has a market cap of $13.55 billion, a P/E ratio of 43.74, a price-to-earnings-growth ratio of 1.96 and a beta of 1.27.

Entegris (NASDAQ:ENTG - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The semiconductor company reported $0.67 earnings per share for the quarter, missing analysts' consensus estimates of $0.69 by ($0.02). Entegris had a return on equity of 12.48% and a net margin of 9.57%. The firm had revenue of $773.20 million for the quarter, compared to analyst estimates of $790.75 million. During the same period last year, the company posted $0.68 earnings per share. The firm's quarterly revenue was up .3% compared to the same quarter last year. As a group, research analysts forecast that Entegris will post 3.51 EPS for the current year.

Hedge Funds Weigh In On Entegris

Several institutional investors and hedge funds have recently bought and sold shares of ENTG. Quarry LP bought a new position in shares of Entegris in the fourth quarter worth $28,000. Rise Advisors LLC bought a new position in shares of Entegris in the first quarter worth $26,000. Costello Asset Management INC bought a new position in shares of Entegris in the first quarter worth $26,000. Central Pacific Bank Trust Division boosted its holdings in shares of Entegris by 125.7% in the first quarter. Central Pacific Bank Trust Division now owns 307 shares of the semiconductor company's stock worth $27,000 after acquiring an additional 171 shares during the period. Finally, Neo Ivy Capital Management bought a new position in shares of Entegris in the fourth quarter worth $34,000.

Entegris Company Profile

Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions in North America, Taiwan, China, South Korea, Japan, Europe, and Southeast Asia. It operates in three segments: Materials Solutions (MS); Microcontamination Control (MC); and Advanced Materials Handling (AMH).